Examlex
All of the following causes of loss are included in the causes-of-loss basic form of the ISO commercial package policy EXCEPT
Standard Deviation
A measure reflecting how much the data points diverge or spread out from each other.
Confidence Interval
A statistical range, with a certain probability, that is believed to contain the true value of an unknown parameter.
Random Variable
A variable whose values depend on the outcomes of a random phenomenon.
Sample Proportion
The ratio of members in a sample that have a particular characteristic to the total number of members in that sample, often used in statistics to estimate population proportions.
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